MANILA, Philippines — The government’s budget deficit narrowed in July amid faster revenue growth, the Bureau of Treasury reported on Thursday.
Budget shortfall narrows in July, This news data comes from:http://jm-sf-nx-xcwc.yamato-syokunin.com
The P18.9-billion deficit — from revenues of P472.3 billion and expenditures of P491.2 billion — markedly declined from June’s P241.6-billion deficit and July 2024’s P28.8-billion shortfall.
Year to date, the budget balance remained in deficit at P784.4 billion, higher than the P642.8 billion seen in the same period last year.
July revenues were up 3.26 percent from last year's P457.4billion. Taxes accounted for almost all of the month’s revenues at P423.0 billion.
Budget shortfall narrows in July
To date, revenues and expenditures were 4.82 percent and 8.22 percent higher than P2.61 trillion and P3.25 trillion, respectively, recorded from January to July last year.
- Australia expels Iran ambassador over antisemitic attacks
- 2028 polls overseas voter registration opens in Dec
- What to know about Indonesia's nationwide unrest over lawmakers' perks
- Comelec completes ballot printing for Bangsamoro elections despite redistricting dispute
- Konektadong Pinoy Bill has lapsed into law — Palace
- Immigration deports 49 South Korean fugitives
- Meeting South Korea, Trump could eye new chance with North
- Public Works Chief Vince Dizon demands courtesy resignations to 'clean house'
- 'Ondoy'-level rains swamp Quezon City
- Thai Court: PM Shinawatra violated ethics rules
